European stocks open higher as investors digest latest slew of earnings; Hermes rises 2.3%

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European stocks opened slightly higher on Thursday, as traders digested another batch of earnings reports.

European stocks opened slightly higher on Thursday, as traders reviewed another batch of earnings reports, and as U.S. market declines weighed on global sentiment.was up 0.25% in opening trade, with the majority of major bourses and sectors trading in positive territory. Travel and leisure stocks added 1.13% while retail shares led losses, dipping 0.24%.gained 2.

Growth was slowest in the Asia Pacific region, excluding Japan, the company said, while noting that it hadn't observed an additional decline in China after it reported"downturn in traffic" around the Chinese New Year period.The result compared with the £1.17 billion net profit forecast in an LSEG poll of analysts, and was 23% higher than the same period in 2023.

Robots - or automated devices that can execute tasks without human intervention - are witnessing a"new inflection point" and several global stocks are leading in a corner of the ecosystem, according to Bernstein.

 

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